–Goffstown, NH-based WoodPellets.com, an aptly named supplier of wood pellets for the home heating market, raised $11 million in a Series B financing round led by Cambridge, MA-based Monitor Clipper Partners and joined by return investor .406 Ventures of Boston. Wade explains how the startup is bringing advanced software to bear on the traditionally low-tech industry.

—Waltham, MA-based defense behemoth Raytheon (NYSE: RTN) revealed a deal to acquire Cambridge-based BBN Technologies for an undisclosed sum. http://www.xconomy.com/boston/2009/09/01/raytheon-to-acquire-bbn/ Wade took a fascinating look at BBN’s long history of innovation, including the firm’s role in sparking the Internet almost 40 years to the day before the announcement.